Trust in universities, credentialing bodies, and legacy media has collapsed. When the professionals fail (2008 financial crisis, Iraq War intelligence failures, the COVID lab-leak debate), the public becomes receptive to anyone with confidence—even if that confidence is built on a narrow, fragile foundation. Case Study #1: The Retail Trader The most iconic overdeveloped amateur is the "Roaring Kitty" clone. He has spent 4,000 hours learning options Greeks (Delta, Gamma, Theta) and technical chart patterns. He can explain a volatility crush better than a Goldman Sachs VP.
He will continue to disrupt industries. He will continue to make fortunes. And he will continue to blow up in spectacular, public, humiliating fashion. overdeveloped amateurs
However, he has spent zero hours on portfolio theory, zero hours on estate planning, and zero hours on behavioral psychology. He believes "diamond hands" is a risk management strategy. He has spent 4,000 hours learning options Greeks